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The future of the 8 - bit microcontroller market looks promising with opportunities in the aerospace and defense, consumer electronics, automotive, industrial, healthcare, and data processing and communication industries. The global 8 - bit microcontroller market is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major growth drivers for this market are growing adoption of microcontrollers in the automotive sector and surging awareness regarding smart energy management with technological advancements.
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Growth in various segments of the 8- bit microcontroller market are given below:
The study includes trends and forecast for the global 8 - bit microcontroller market by product types, end use industry, and region as follows.
By Product Types [$M shipment analysis for 2014 – 2025]:
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More Than 120 Pins
By End Use Industry [$M shipment analy